Oil price dips below $100 mark - for now
The price jumped almost US$ 4 per barrel on the Nymex to eclipse the previous high of US$ 99.29 of November 1.
The hike came after suspected militants attacked police stations and a luxury hotel in Nigeria. Al Qaeda's North Africa wing also claimed responsibility for a deadly bombing which left 18 dead in Algeria.
One trade changed hands for US$ 100 on Wednesday, and the price is holding above US$ 99 with everyone now eyeing Thursday's inventory data from the United States.